Mphasis technical analysis

According to the latest Pivot data, Mphasis’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2399.07, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2422.74, ₹2465.47, and ₹2489.14, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2356.34, ₹2332.67, and ₹2289.94, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mphasis’s price movement.